S&P 500
1950.82
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Dow Indu
16677.90
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Crude Oil
81.36
-0.73 -0.89%
Gold
1232.80
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Euro
1.264625
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US Dollar
85.804
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Strong

Trade with a Plan – Setting Your Limits

If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple and straight-to-the-point.

If you like this article, Larry’s also agreed to give you free access to his weekly trading tip.

Today he’s going to talk about how setting your limits can help you avoid sabotaging yourself.

I think trading with a specific plan is one of the most sensible things a trader can do. It helps you learn and identify key areas to watch for in a market. More importantly, it helps you avoid sabotaging yourself because it helps keep your emotions in check. One of the key components of a trading plan is knowing your exits. One way to close an open trading position is with a limit order. [Read more...]

Building a Better Trader - Volume 3: Using the Right Tool for the Job

It's amazing how many investors dive head-first into trading before they understand how the markets work. In Volume Three of this series, Glen Ring will teach you how to view the markets from an analyst's point of view. You'll discover why markets trend and why they go sideways - and why learning how to recognize these situations can be extremely valuable. You'll also learn four different ways to identify support and resistance, and you'll become familiar with some specific tools you can use to identify trends. Finally, you'll learn how markets behave at certain junctures and how learning this information can be useful in building a winning trading structure.

WATCH NOW: Building a Better Trader - Volume 3: Using the Right Tool for the Job

Best,
The INOTV Team

Don't Get Ruined by These 10 Popular Investment Myths (Part IV)

Interest rates, oil prices, earnings, GDP, wars, terrorist attacks, inflation, monetary policy, etc. -- NONE have a reliable effect on the stock market

By Elliott Wave International

You may remember that during the 2008-2009 financial crisis, many called into question traditional economic models.

Why did the traditional financial models fail? And more importantly, will they warn us of a new approaching doomsday, should there be one?

This series gives you a well-researched answer.

Here is Part IV; come back soon for Part V.

Myth #4: "Earnings drive stock prices."

By Robert Prechter (excerpted from the monthly Elliott Wave Theorist; published since 1979)

This belief powers the bulk of the research on Wall Street. Countless analysts try to forecast corporate earnings so they can forecast stock prices. The exogenous-cause [i.e., news-driven -- Ed.] basis for this research is quite clear: [Read more...]

Weekly Futures Recap With Mike Seery

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Crude Oil Futures

Crude oil futures in the November contract had a wild trading week in New York currently trading at $83 a barrel after settling last Friday at 85.82 as prices actually breached the $80 mark before reversing in yesterday’s trade to settle down nearly $3 for the trading week. Crude oil futures are trading below their 20 day and $13 below their 100 day moving average telling you the trend is clearly bearish and if you are short this market place your stop above the 10 day high which currently stands at 90.75 and that stop will be lowered on a daily basis as I missed this market and am currently sitting on the sidelines as the chart structure was awful when the breakout occurred so I’m kicking myself at the current time. I definitely am not recommending any type of long position in crude oil as I think prices will continue to head lower especially with Saudi Arabia coming out stating that they will not cut production as they are looking for lower prices to squeeze U.S output as this market still has further to go in my opinion and 79.78 in yesterday’s trade will be retested once again so continue to take advantage of any rally making sure you place the proper stop loss also maintaining a proper risk management of 2% of your account balance on any given trade. Crude oil prices have dropped from $104 a barrel in late June to today’s price levels dropping over $20 or 20% as consumers will definitely benefit when they hit their local gas stations and that should also help improve the U.S economy. The fundamentals in crude oil are extremely bearish as worldwide supplies are extremely high while supplies here in the United States are at record highs so it’s very difficult to rally as we don’t have the spike up in price like we used to when Middle East conflicts erupted which is a good thing for the United States.
TREND: LOWER
CHART STRUCTURE: POOR
[Read more...]

Five Ways to Stay Focused In Scary Markets

If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple and straight-to-the-point.

If you like this article, Larry’s also agreed to give you free access to his weekly trading tip.

Today he’s going to talk about staying focused in scary markets.

In the fallout from the 2008 global financial crisis, there have been moments that have been driven by pure fear. These are the moments when it can be hard to maintain your composure and trade your plan. Unfortunately, these big days are the times when you need that composure the most. Here is a quick lesson in why it is important to keep focused in a scary market and how to achieve that focus.

Market Basics

First let us understand some market basics. Markets exist to facilitate trade. From moment to moment the market offers traders the opportunity to profit from price movement. It's an environment where every trader has the freedom to create his own results, i.e. all the choices and the power to exercise those choices reside with the trader. [Read more...]

Emotion Free Trading

A big part of being a successful trader is keeping your emotions out of the trade. As a special treat to our readers we asked Larry Levin to share a video on the subject.

Larry reveals techniques for traders like you to help you control your emotions and transform you into a disciplined, emotion-free trader. It is the most important concept you can learn in order to be a successful trader.

If you can master this skill, you can be very successful in this business. If we can't control the market and what it will do, then the only thing that will make us successful is if we can control ourselves. And that's easier said than done. But it is the reality of successful trading.

Watch Now: Emotion Free Trading

Best,
The INOTV Team

Don't Get Ruined by These 10 Popular Investment Myths (Part III)

Interest rates, oil prices, earnings, GDP, wars, terrorist attacks, inflation, monetary policy, etc. -- NONE have a reliable effect on the stock market

By Elliott Wave International

You may remember that during the 2008-2009 financial crisis, many called into question traditional economic models. Why did the traditional financial models fail?

And more importantly, will they warn us of a new approaching doomsday, should there be one?

That's a crucial question to your financial well-being. This series gives you a well-researched answer.

Here is Part III; come back soon for Part IV.

Myth #3: "Expanding trade deficit is bad for economy -- and bearish for stocks."

By Robert Prechter (excerpted from the monthly Elliott Wave Theorist; published since 1979)

Over the past 30 years, hundreds of articles -- you can find them on the web -- have featured comments from economists about the worrisome nature of the U.S. trade deficit. It seems to be a reasonable thing to worry about.

But has it been correct to assume throughout this time that an expanding trade deficit impacts the economy negatively?

Figure 8 answers this question in the negative: [Read more...]

Weekly Futures Recap With Mike Seery

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Silver Futures

Silver futures had a volatile trading week in New York still trading below their 20 and 100 day moving average settling last Friday at 16.83 while trading this afternoon at 17.30 spiking $.50 higher on Wednesday due to the fact that the Federal Reserve basically stated that they will continue to keep interest rates low for the foreseeable future sending the precious metals sharply higher, however they are unable to sustain those levels as silver prices are currently trading lower by 10 cents. If you took the original recommendation selling at 20.44 several months back continue to place your stop above the 10 day high which currently stands at 17.72 which is only about $.40 or $2,000 risk per contract at these price levels as the chart structure has improved dramatically allowing you to place tight stops minimizing monetary risk. Many of the commodity markets continue to move lower, however the U.S dollar reacted negatively to the Federal Reserve statements helping prop up silver prices but I do think the U.S dollar is in a long-term bull trend so I still look for lower silver prices ahead so continue to place the proper stop making sure you risk 2% of your account balance on any given trade.
TREND: LOWER
CHART STRUCTURE: OUTSTANDING
[Read more...]

Avoiding Mental Sabotage

If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our readers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple.

If you like this article, Larry’s also agreed to give you free access to his weekly trading tip.

I have heard that 95% or more of all traders ultimately fail.

Have you ever wondered why? [Read more...]

Building a Better Trader - Volume 2: Building the Structure

The beliefs and actions of professional traders differ greatly from those of the vast majority of amateurs. One major difference between the two is that professional traders have learned how to approach the markets as a business. For example, professional traders view equipment, services, losing trades and commissions as expenditures and winning trades as income. In Volume Two of this series, Glen Ring will help build a framework for your trading career. As part of this process, he will show you how to get down to the business of making money in the markets and introduce you to five essential rules every successful trader must know.

WATCH NOW: Building a Better Trader - Volume 2: Building the Structure

Best,
The INOTV Team

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